Every user in the hive ecosystem must have a proper strategy for accumulating wealth and improving their careers.
Those who lack a proper strategy will also fail to succeed as Hive users in the ecosystem. So it is critical to consider your future, your career, and make appropriate plans.
My strategies change according to the market conditions. Regarding the changing market. I'm also going to modify my strategy.
When the market was bearish, I always planned to buy more Hive coin and increase my #hive power. However, the scenario is changing, and I am also changing my strategy.
I've gone for a power down so that I can sell at a high price and then buy low.
I plan to continue this process and accumulate hive coin in the exchange.
I currently have around 15K #HIVE power, and trading frequently means selling high and buying low. I will undoubtedly produce a large number of hive and will power up again.
Based on my knowledge and experience. This will be a wise decision for me because changing my strategy during a bullish market will allow me to sell at higher prices and rebuy at lower prices.
What are your thoughts on this strategy? Will you agree with me?
I hope you find this post interesting and I hope you will like it. If you like the post, please leave feedback in the comments section so that the next one will be even better. Thank you for sticking with me until the end.
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REMEMBER: We should prepare for the unexpected and hope for the best. Life may not be easy, but you must do your best and leave the rest to God.
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I am applying the same strategy, although with some tweaks.
I keep accumulating Hive Power until Hive reaches $1. At that moment in time I will start my power down and swap hive for hbd which I'll put in savings. As it takes 13 weeks to fully power down, I will spread my swaps to hbd, kind of like a dca strategy. If the price of Hive rises further, I'll be able to take advantage, if $1 would be the new hight, than I converted some and will keep the rest in Hive Power.
I'll ofcourse adapt to market conditions as well :)